Loleta, California Property Taxes
The median property tax rate in Loleta, CA is 1.11%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Loleta at $260,100, the typical annual property tax bill amounts to $3,307, surpassing the national median of $2,690. Property taxes in Loleta are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Loleta's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Loleta or another part of Humboldt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Loleta, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,887
$2,727
Ownwell’s Loleta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loleta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loleta to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Loleta, California
Property taxes in Loleta, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Loleta is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Loleta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loleta estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Loleta's effective property tax rate to other areas in Humboldt County and the national median. For comparison, the zip code 95551 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Loleta provides valuable insights into the varying tax landscape across Humboldt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Loleta Tax Rate
1.11%
Average Humboldt County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Loleta, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95551 | 1.02% | 1.02% | 1.11% | 1.55% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Loleta, California
In Loleta, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Humboldt County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Loleta, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Loleta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Loleta is $260,100, with tax bills ranging from $2,162 at the 25th percentile to $5,479 at the 90th percentile. The highest and lowest median tax bills, both $3,307, are found in zip code 95551.
Average Loleta Assessed Value
$260,100
Average Humboldt County Assessed Value
$227,816
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Loleta, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95551 | $70,193 | $140,862 | $260,100 | $367,208 | $507,993 |
Source: Ownwell
Property Tax Bills Across Loleta, California
Property tax bills in Loleta, Humboldt County, CA, are calculated based on the assessed value of the property, which is determined by the Humboldt County Assessor's Office. This assessed value is typically a percentage of the property's market value. In Loleta, the median home price stands at $260,100. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including local tax rates and any applicable exemptions or deductions. The tax bill can vary significantly; for instance, the 25th percentile tax bill is $2,162, while the 75th percentile reaches $4,484, and the 90th percentile peaks at $5,479. The highest median tax bill in the area is $3,307, observed in the 95551 zip code. These property taxes fund essential community services such as public schools, infrastructure, and emergency services. Higher property taxes can impact homeowners by increasing the overall cost of homeownership, making it crucial for residents to understand their tax liabilities.
Average Loleta Tax Bill
$3,307
Average Humboldt County Tax Bill
$2,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Loleta, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95551 | $881 | $2,162 | $3,307 | $4,484 | $5,479 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Humboldt Tax Assessor | |
| Website | common1.mptsweb.com |